Forced Co-operation Recipe for Bad Blood Among Alberta Municipalities: Edmonton Journal Op-Ed
Last May, the provincial government took steps to modernize Alberta’s Municipal Government Act.
One of the major changes was a call for forced inter-municipal cooperation, where arbitration would bind municipalities through shotgun marriages with the goal of squeezing out efficiencies in service production. Forced cooperation of this nature, however, has been shown to be harmful elsewhere in Canada.
From: Zachary Spicer
To: Ministers of Municipal Affairs across Canada
Date: October 13, 2016
Re: Inter-Municipal Cooperation, Not Amalgamation, the Better Route to Improve Servicing in Canada’s Cities
October 13, 2016 — The C.D. Howe Institute’s Monetary Policy Council (MPC) today called for the Bank of Canada to keep its target for the overnight rate, the very short-term interest rate it targets for monetary policy purposes, at 0.50 percent at its next announcement on October 19, 2016. Looking ahead, the Council said the Bank should hold the target at 0.50 percent over the next six months, and called for an increase to 0.75 percent in a year’s time.
It Turns out Canadians are a lot Richer than We Think: Financial Post Op-Ed
We have often heard that Canadians are unprepared for retirement. Low interest rates have meant low returns to saving and have accelerated the demise of defined-benefit pension plans in the private sector. People — we are told — are not saving enough for retirement to compensate. But such fears of retirement unpreparedness are overblown.
Canadian Households Can Count on Four Pillars of Wealth in Retirement
In this edition of Graphic Intelligence, we look at how fourth-pillar assets, which are often overlooked by policymakers, impact Canadians’ retirement outlook. As shown above, factoring in these assets significantly reduces the number of Canadians at risk of having inadequate retirement income.
To learn more, read “The Bigger Picture: How the Fourth Pillar Impacts Retirement Preparedness,” by Jeremy Kronick and Alexander Laurin.
Zachary Spicer
Submitted by Kyle.Murphy onC.D. Howe Institute Appoints Michael Devereux to the Monetary Policy Council
October 6, 2016 – William Robson, President and CEO of the C.D. Howe Institute, announces the appointment of Michael Devereux to the Institute’s Monetary Policy Council.
“Mick Devereux is in the front rank of Canadian macroeconomists, with a wealth of insights about monetary policy’s implementation and effects,” remarked Robson. “We are delighted he is joining us.”